EXTREME NETWORKS INC — Director's Dealing 2012

Nov 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXTREME NETWORKS INC (EXTR)
CIK: 0001078271
Period of Report: 2012-11-21

Reporting Person: Honda Diane (VP General Counsel & Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-21	Common Stock	M	2100	$2.05	Acquired	85777	Direct
2012-11-21	Common Stock	S	2100	$3.55	Disposed	83677	Direct
2012-11-21	Common Stock	M	8165	$3.29	Acquired	91842	Direct
2012-11-21	Common Stock	S	8165	$3.5	Disposed	83677	Direct
2012-11-23	Common Stock	M	2117	$2.05	Acquired	85794	Direct
2012-11-23	Common Stock	S	2117	$3.55	Disposed	83677	Direct
2012-11-26	Common Stock	M	13592	$2.05	Acquired	97269	Direct
2012-11-26	Common Stock	S	13592	$3.55	Disposed	83677	Direct
2012-11-26	Common Stock	M	32191	$2.05	Acquired	115868	Direct
2012-11-26	Common Stock	S	32191	$3.55	Disposed	83677	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-21	Non-Qualified Stock Option (right to buy)	$2.05	M	2100	Disposed	2018-11-05	Common Stock (2100)	Direct
2012-11-23	Non-Qualified Stock Option (right to buy)	$2.05	M	2117	Disposed	2018-11-05	Common Stock (2117)	Direct
2012-11-26	Non-Qualified Stock Option (right to buy)	$2.05	M	13592	Disposed	2018-11-05	Common Stock (13592)	Direct
2012-11-26	Non-Qualified Stock Option (right to buy)	$2.05	M	32191	Disposed	2018-11-05	Common Stock (32191)	Direct
2012-11-21	Non-Qualified Stock Option (right to buy)	$3.29	M	8165	Disposed	2018-08-03	Common Stock (8165)	Direct

Footnotes

F1: Option is exercisable as vested; 1/4 vests one year from date of grant and then 1/48 vests on each full month thereafter until fully vested, so long as the optionee's employment has not terminated.